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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Industrial properties
124 Commerce Blvd, Statesville, NC 28625-8526
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1763964
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
STONE
Total area
38,920 SF
Lot
2.71 ac (118,048 SF)
Zoning code
LI
APN
4755-38-6876.000
UPID
US53-1763964
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Extera- NC Factory Industrial Manufacturer
-
Consolidated Container Co Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$1.95M
Owner & transaction history
Jcj Investments LLC · 7 yrs held
Jcj Investments LLC
since 2019
6 recorded transactions
Zoning & alternative use
LI · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+19.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Statesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Statesville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,695,000
Current use
AUTO REPAIR, GARAGE
$3,225,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$50 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,273
Tax year 2023
Assessed value
$1,500,840
Assessed 2023
Previous assessed
$1,281,920
+17.1% YoY
Effective rate
1.02%
On assessed value
Assessed land
$184,280
Assessed improvement
$1,316,560
Land market value
$184,280
Improvement market value
$1,316,560
Total market value
$1,500,840
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1987
Construction
STONE
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
2
Bathrooms
2
Total area
38,920 SF
Lot
2.71 ac (118,048 SF)
Zoning code
LI
APN
4755-38-6876.000
UPID
US53-1763964
Jurisdiction
IREDELL
Zoning & alternative use
LI · Statesville, NC
Zoning LI · permitted uses
LI · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Statesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
STONE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
2.71 ac
Current owner
From public records · entity-resolved
Jcj Investments LLC
Entity
Mailing address
126 PATIENCE PL LN, MOORESVILLE, NC 28117-9107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2020
—
Jcj Investments LLC
—
Deed
related
$648,000 · First Horizon Bank
Jun 11, 2020
—
Jcj Investments LLC
—
Deed
related
$648,000 · First Horizon Bk
Jun 6, 2019
$975,000
Jcj Investments LLC
Austin Family Holdings LLC
Warranty Deed
$828,750 · Capital Bk
Mar 16, 2018
—
Austin Family Holdings LLC
James Austin Co
Quitclaim Deed
related
—
Jan 4, 1992
$205,000
James Austin Co
Unknown
Grant Deed
—
—
—
Jcj Investments LLC
—
Deed Of Trust
related
$648,000 · First Horizon Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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